Morning note from the Commonwealth Bank of Australia (CBA) with an Reserve Bank of Australia preview and AUD view

In (very) brief:

  • RBA expected to leave the cash rate on hold
  • Speeches from RBA in past weeks saying there are risks in Australian housing markets, these could be worsened if rates are cut further
  • Statement expected to reinforce neutral policy outlook

For the AUD/USD today, intra-day support ahead of the RBA on

  • An expected widening in the trade balance (February data due today) on higher iron ore and coal

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Earlier previews ...:

  • WPAC on the RBA today (quick preview)
  • AUD - RBA announcement due 0430GMT - on hold expected - more previews
  • AUD - RBA announcement due 0430GMT - on hold expected
  • Economic data due from Asia today - RBA policy announcement